Tech Stocks Surge Amid Dollar Weakness and Fed Cautions

On Monday, Asian markets exhibited resilience as demand for technology companies raised S&P 500 futures to new heights. Concurrently, the dollar saw a drop on concerns over potential weaknesses in the U.S. jobs report, potentially leading to more aggressive rate cuts.

Investors are keenly observing the trajectory of a substantial U.S. tax-cut and spending bill progressing through the Senate. Signs indicate the bill may not meet President Trump's preferred deadline of July 4, with the Congressional Budget Office warning it could add $3.3 trillion to national debt.

In related news, interest in U.S. megacap growth stocks like Nvidia and Amazon remains strong, pushing Nasdaq futures up by 0.3%. The buoyant sentiment extended to Japan's Nikkei, which rose by 1.0%, and South Korean indices, up by 0.5%. Fed Chair Jerome Powell is to express his cautious stance at the European Central Bank forum in Sintra.

(With inputs from agencies.)